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Traders Sought Buying Opportunities After the Market Fell to its Lowest Levels Since July

November 13, 2023
Recap:  The crude market traded higher on Friday, as traders sought buying opportunities after the market fell to its lowest levels since July earlier this week. The crude market posted a low of $75.31 in overnight trading before it bounced off that level and retraced its previou ... Read More
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The Market, Which Lost About 7% in the Previous Two Sessions, Bounced Off its Lows

November 10, 2023
Recap:  The oil market on Thursday retraced some of its previous losses and posted an inside trading day. The market, which lost about 7% in the previous two sessions, bounced off its lows as it took a breather from further losses even as China reported a decline in inflation, a ... Read More
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The Oil Market Continued on its Downward Trend on Wednesday and Settled Down for the Second Consecutive Session

November 9, 2023
Recap:  The oil market continued on its downward trend on Wednesday and settled down for the second consecutive session on concerns over declining demand in the U.S. and China. The market traded lower in follow through selling seen on Tuesday following the EIA’s forecast that oil ... Read More
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The Oil Market Fell Sharply to its Lowest Level Since Late July on Concerns Over Demand

November 8, 2023
Recap:  The oil market fell sharply to its lowest level since late July on concerns over demand amid weak trade data from China and doubts on whether the Federal Reserve has finished raising rates. The market was pressured overnight following trade data from China showing that ex ... Read More
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The Market Was Well Supported by Saudi Arabia and Russia on Sunday Reaffirming Their Commitment to Their Additional Voluntary Output Cuts

November 7, 2023
Recap:  The oil market posted an inside trading day after the market was well supported by Saudi Arabia and Russia on Sunday reaffirming their commitment to their additional voluntary output cuts until the end of the year. The oil market bounced off Friday’s lows and opened up mo ... Read More
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The Crude Market Posted an Outside Trading Day and Ended the Week 2.36% Lower as the Geopolitical Risk Premium Dissipated

November 6, 2023
Recap:  The crude market posted an outside trading day and ended the week 2.36% lower as the geopolitical risk premium dissipated. Early on Friday, the market continued to trend higher in follow through strength seen on Thursday. The market gradually traded higher in overnight tr ... Read More
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The Oil Market Broke a Three-Day Losing Streak and Settled in Positive Territory

November 3, 2023
Recap:  The oil market broke a three-day losing streak and settled in positive territory after it retraced its earlier losses. Early in the session, the market traded over the $82 level before further selling pushed the market to a low of $80.22. However, the market bounced off i ... Read More
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The Market Traded Lower in Overnight Trading as the Israel-Hamas Conflict Remained Contained

November 2, 2023
Recap:  The oil market posted an outside trading day on Wednesday, when it gave up its early gains and extended its losses into a third consecutive session. The market traded lower in overnight trading as the Israel-Hamas conflict remained contained and news of the first group of ... Read More
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The Oil Market Traded Lower as it Positioned Itself Ahead of the Weekly Petroleum Stock Reports

November 1, 2023
Recap:   The oil market traded lower as it positioned itself ahead of the weekly petroleum stock reports and the outcome of the Federal Reserve meeting on Wednesday. The market was pressured as Israel’s ground offensive in the Gaza Strip has not caused any further escalation of c ... Read More
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The Oil Market Fell on Monday with Fears Easing About the Israel-Hamas War Disrupting Supply

October 31, 2023
Recap:  The oil market fell on Monday with fears easing about the Israel-Hamas war disrupting supply. While the war between Israel and Hamas intensified with Israeli troops and tanks attacking Gaza’s main northern city from the east and west on Monday, the third day of its ground ... Read More
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